Today the House passed a bill to encourage the development of affordable and reliable electricity in Africa, by pursuing an 'all of the above' energy strategy that includes coal. Hundreds of millions in Africa suffer from a lack of access to power.
'We've been discussing the importance of increasing access to electricity in Africa for years,' said McKinley. 'However, in the past President Obama has put ideology ahead of bringing people out of poverty by excluding coal from the equation. With this vote Congress has taken action to ensure hundreds of millions can have affordable energy.'
'A lack of reliable electricity means 620 million people in Africa are consigned to live in poverty without access to light, refrigeration, and clean water,' said McKinley. 'In Sub-Saharan Africa there is only enough electricity generated to power a single 40-watt lightbulb for three hours each day for every person.'
'This means children don't have light to read at night, hospitals don't have refrigeration to store medicine, and people rely on unhealthy cooking sources like wood,' said McKinley. 'Without access to electricity there is little chance for a better life.'
'Fossil fuels - including coal - will play a major role in providing affordable electricity to the continent,' said McKinley. 'We have a moral imperative to assist African countries in developing a plan to build the energy infrastructure required to lift hundreds of millions out of poverty.'
The Electrify Africa Act will now go to the President's desk for his signature.
Yes fair play mate, and totally understand where you are coming from ! I have a lowish average so easy for me to say, and appreciate people that have bought in at multiples of todays prices are annoyed and battle weary !! I just think at these prices with the coal there is in the ground, ML recommended, and EPC in place waiting it offers potentially fantastic returns, but also recognise the risks involved of investing in AIM and especialy junior miners !
Thanks chaps and its only my opinion of course. I know you guys have faith in Rufus and the BOD and given the gents that you are I just hope they do not let you down. My opinion is that they are stringing it out to suit themselves and they will sell it as soon as they can, its the amount they will get for it that is the big question here, it could be great. The SP keeps shrinking and although I agree there isn't much they can say, they could say something. Building momentum and keeping the faith is half the job on AIM and EDL have not perfected it in my opinion. The basic question people want to know here is where is the ML, why is it delayed and when is it likely to arrive. They might not know the answer in full but they sure know more than me and that isn't right as I am the one who is buying the shares. Share the knowledge is my advice to Rufus or in short, step up or ship out as you are bringing nothing to the share.
Are directors allowed to buy the shares in a placing if they are in a closed period ? Anybody know ? Its just I find it very hard to believe that if this is ever going to take off that Rufus and gang have to be aboard imo !
I once questioned a poster on this. The back history was he ramped a stock with a humongous post then a day later he said he had sold out The poster was addiment that directors talk copied and pasted there post from a lse Bb without there consent Weather he was telling me the truth or not, your guess is as good as mine I have to disagree with big boffer, if Rufus can't handle a bit of interrogation from a journalist he shouldn't be CEO.... That's just my opinion though :)
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